California Statutes
§ 1197. — 1197. (Amended by Stats. 2009, Ch. 234, Sec. 9.)
California § 1197.
JurisdictionCalifornia
Code INSInsurance Code - INS
Div. 1.DIVISION 1. GENERAL RULES GOVERNING INSURANCE
Part 2.PART 2. THE BUSINESS OF INSURANCE
Ch. 2.CHAPTER 2. Incorporated Insurers
Art. 4.ARTICLE 4. Property Authorized for Excess Funds Investments
This text of California § 1197. (1197. (Amended by Stats. 2009, Ch. 234, Sec. 9.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Cal. Insurance Code - INS Code § 1197. (2026).
Text
Excess funds investments shall not be made in a loan or any other obligation to any one borrower or obligor, including all affiliates which shall be treated as one borrower or obligor, in an amount exceeding 10 percent of the capital stock and surplus or 1 percent of the admitted assets of the lending insurer, whichever amount is greater.
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Legislative History
Amended by Stats. 2009, Ch. 234, Sec. 9. (AB 299) Effective January 1, 2010.
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California § 1197., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/INS/1197..